Daily Elliott Wave Video Analysis — May 2, 2016

The daily Elliott Wave analysis video for May 2, 2016, is available here.
The video will always remain accessible via the current link for future
reference. You can use it to check the accuracy of our Elliott Wave forecasts
or for your self-education in such analysis.

EUR/USDTrend is bullish in 1 hour chart. Intraday support is present at 1.1370 price level. So, as long as price stay above 1.1370 support level, look for buy trades. If bearish candlestick closes below 1.1370 critical support level then up trend is going to end.

GBP/USDTrend is bullish in 1 hour chart. Intraday support is present at 1.4474 price level. So, as long as price stay above 1.4474 support level, look for buy trades. If bearish candlestick closes below 1.4474 critical support level then up trend is going to end.